Clear Harbor Asset Management LLC Purchases Shares of 62,086 Antero Resources Corporation $AR

Key Points

• Clear Harbor Asset Management purchased 62,086 shares of Antero Resources in the second quarter, worth approximately $2.18 million. Institutional investors collectively own 83.04% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $48.31, above the stock’s reported $38.04 opening price.
• Antero Resources has a market capitalization of approximately $11.7 billion and focuses on developing natural gas, natural gas liquids, and oil assets in the Appalachian Basin, including the Marcellus and Utica shales.

Clear Harbor Asset Management LLC purchased a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 62,086 shares of the oil and natural gas company's stock, valued at approximately $2,182,000.

A number of other large investors also recently modified their holdings of AR. Eastern Bank purchased a new stake in shares of Antero Resources during the 2nd quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Antero Resources during the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. purchased a new position in Antero Resources in the third quarter valued at approximately $30,000. Rakuten Securities Inc. purchased a new position in Antero Resources in the second quarter valued at approximately $31,000. Finally, IFP Advisors Inc grew its stake in Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after buying an additional 345 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Antero Resources from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Citigroup reduced their target price on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a "buy" rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Zacks Research cut shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, Truist Financial lowered their price target on Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.31.

Antero Resources Stock Performance

Antero Resources stock opened at $38.04 on Friday. The firm has a market capitalization of $11.70 billion, a PE ratio of 10.93 and a beta of 0.34. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock's 50 day moving average price is $35.08 and its 200 day moving average price is $36.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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